Closing Bell: Nifty ends below 15,650, Sensex falls 334 pts dragged by auto, financials

Closing Bell: Nifty ends below 15,650, Sensex falls 334 pts dragged by auto, financials

 


 

Taking Stock | Nifty ends below 15,650 amid profit-booking; Sensex falls 334 points

 

Selling pressure in the second half of Wednesday's session erased early gains dragging the benchmark indices into negative territory. The Sensex was down 333.93 points or 0.64% at 51,941.64 and the Nifty was down 104.70 points or 0.67% at 15,635.40.

Proprietary Index Trader and Technical Analyst Manish Hathiramani said, “The index has been facing resistance at higher levels for the past few days. Due to this panic, it has given up some lead today, which can be attributed to profit-booking. Deen Dayal Investments.

 

“However, the trend remains positive as Nifty has not broken out of 15,600 close basis. Traders can use this fall as an opportunity to accumulate long positions on the index to target higher 15,900-16,000” he added.

 

 The BSE Midcap and Smallcap indices fell 0.7-1 per cent each.

 

Tata Motors, Adani Ports, Shree Cements, L&T and Reliance Industries were among the top losers, while gainers included Power Grid Corp, SBI Life Insurance, NTPC, Titan Company and Divis Labs.

 

 

stock market nse bse nifty

 

(Info and photo source : Internet)

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